West Virginia HB4195 proposes a two-year cap on electrical utility rates to alleviate financial strain on residents and businesses.

West Virginia HB4195 aims to address the significant increase in electrical utility rates by imposing a two-year cap. This cap is intended to provide relief to residents, particularly those with lower incomes, who have experienced substantial financial hardship due to rising rates. The cap will be set by the Public Service Commission and will remain in effect until July 1, 2027. During this period, the rates can only be adjusted to account for fuel and purchased power costs.

West Virginia HB4195 proposes a two-year cap on electrical utility rates to alleviate financial strain on residents and businesses.

West Virginia HB4195 aims to address the significant increase in electrical utility rates by imposing a two-year cap. This cap is intended to provide relief to residents, particularly those with lower incomes, who have experienced substantial financial hardship due to rising rates. The cap will be set by the Public Service Commission and will remain in effect until July 1, 2027. During this period, the rates can only be adjusted to account for fuel and purchased power costs.